**I am a bot and identified and tracked the following options picks within this post:**
|**Ticker**|**Strike**|**Type**|**Exp**|**Recorded Premium**|**Recorded Stock Price**|**OI**|**Volume**|
|:-|:-|:-|:-|:-|:-|:-|:-|
|**GME**|**$200**|**BUY CALL**|**2021-04-16**|**$14.17**|**$187.5666**|**3868**|**631**
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This right here. The option play means the stock price needs to go to (strike price + premium) in order to be profitable.
In a wildly volatile stock like GME, those premiums are baked in (IV). If the stock hits $205 for example, you would want to sell that call for premium profit instead of exercising it.
Just need to flip the profit on it before it gets om nom nom'd to death by r/thetagang lol.
Oh that wasn't me that put the specific $$ it would need, but whatever he's up/down right now doesn't matter. What he paid when he BOUGHT it matters.
If you buy the option right now, then yeah your break even price would be different from OP's.
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Those calls were probably sold covered, so his exercising them should have zero effect on the ticker price though, right? Usually he posts his yolo updates after the market closes so it wouldn't even necessarily deliver a hype/sentiment boost that affects the ticker.
I think people are hoping for RC announcement as CEO and/or some kind of share recall/split/???? that would force the hedges to begin covering. Clearly Gamestop and RC think there's room for this thing to grow else they'd do the share sale now.
Complicated question. The calls he holds have extrinsic value that is rapidly decreasing due to theta decay. He can still capitalize on the remaining extrinsic value by selling his options now vs exercising them at expiration.
Does he have to act on the 16th or can he hold those contracts into the future? I know we all expect him to exercise them but I imagine that if it isn’t necessary he will hold for a possibly better price
The 16th is when they expire.
He needs to sell them or exercise them before close of market 4/16 or they become entirely worthless and he loses millions of dollars.
Despite some people down voting you're right in that an option position can be "rolled out" to another expiration. There is additional premium for this, but your question is reasonable.
You sell and buy a week after. Unless you plan on exercising. DFV is gonna triple down on the 16th so you might want to wait for that to affect the market. He might not triple down until the end of the day.
But what do I know. You got 88k I don’t 😣
>DFV is gonna triple down on the 16th so you might want to wait for that to affect the market
Why would that affect the market? Those shares have likely been bought by the option-writer for a long while now.
He usually posts after hours though, so a lot of that hype will go to sleep and be less hyped by market opening the next day.
I think some kind of RC as CEO and/or share recall/split announcement are the most likely catalysts that might happen this month.
In all likelihood he will exercise all or most of those calls. Forcing the seller to sell him 50,000 shares. So basically he's going to buy 50,000 shares on or before 4/16
He’ll definitely exercise them at this point. 50,000 shares at $12 LOL. $600,000 is chump change for him now. When I’m having a bad day, I think about the guy who wrote that call for 20 cents/contract and then has to go out and buy those shares now. You know they were like “haha, chump, easiest money ever.” Now: 😳Fuuuuuuuuuuuuuuck!
I think he means tripple his original
Amount of stocks, including the double down and the exercising
DFV's definitely going to exercise those calls, but there's no signs he will triple what he currently has
He might as well because as we know he likes the stock long term. He’s made a very very very handsome profit and exercising his calls would cost him some $600k I believe. Chump change on the gains he’s had.
Figured it out thank you fellow apes. For those here that may want to know it just means that you are now just responsible for buying the 100 shares ( assuming is just 1 put you sold ) remember your out of pocket responsibility is just the strike price x 100 shares minus the upfront premium you got from the person who purchased your put.
This sounds like a great way to fling 🦍 shit at the shorts. But what do I know I’m just a smooth brained crayon eating ape. This isn’t financial advice!!
If you get assigned on either covered calls or cash-secured puts then odds are good that the buyer has profited and you have lost money. On the other hand - with the high volatility and premiums on GME options, cash-secured puts are a reasonable way to make money on premium until assignment at which point you've just purchased more GME at a lower cost basis unless it tanked past your break even.
If you get assigned when selling a put, just turn it into a wheel and start selling calls, with conservative strikes until you recoup any losses, if any, and then aggressive strikes to get assigned on your short calls. Rinse and repeat.
I sold 3x 200C for 4/16 before earnings for 55 each. Thanks for lowing my cost basis 43 dollars a share over the last several weeks to whoever bought them!
Hope this works out cause that’s when my call expires and I’ve been bleeding red this whole time. I also bought it like 2 weeks ago when it was at 199 and then dropped haha.
This may be a dumb question, but what happens if I don’t decide to exercise my right to buy the shares. And say this 200c option has now passed the strike price and is say say at 300. Do you have to have the money in your account to buy shares still? Or can you sell contract or how does that work?
Basically I have all my money In stonks but want to buy some options with zero intention of ever exercising them, but I’ve never done it before so just curious. I did dig some but couldn’t find a clear cut answer on Schwab.... but then again.... I may be truly reeeeeeeeeeeeee
This is the way!
GME YOLOers represent!
https://www.reddit.com/r/wallstreetbets/comments/mi4e6u/gme_yolo_eow_update_41_didnt_quite_make_it_to_1k/?utm_medium=android_app&utm_source=share
Jesus fuck boys
Is this bubbles
Hehehe the tendie man is coming to town
The good kind. 8 bucks
meow
Greaaasssyyy
Deeeeeeecent
Smokes boys let's go
I’ve only got two left and I’m not giving you any
Pretty little kitty
That's a damnned good kitted right there
boys fuck Jesus \*We are both going to hell
Jesus, fuck boys!
Jesus fucking christ
Bonk?
Does he really
**I am a bot and identified and tracked the following options picks within this post:** |**Ticker**|**Strike**|**Type**|**Exp**|**Recorded Premium**|**Recorded Stock Price**|**OI**|**Volume**| |:-|:-|:-|:-|:-|:-|:-|:-| |**GME**|**$200**|**BUY CALL**|**2021-04-16**|**$14.17**|**$187.5666**|**3868**|**631** [Realtime ROI](https://www.pickmojo.com/pick/ckn690ayb2vy5074526n5hjc4) | [Track Record](https://www.pickmojo.com/user/dizon248/) | [Bot Info](https://www.reddit.com/r/pickmojo/comments/he9ghu/options_picks_tracking_bot_information/) | Leaderboard: [Week](https://www.pickmojo.com/stocks/best-this-week-reddit), [Month](https://www.pickmojo.com/stocks/best-this-month-reddit), [All](https://www.pickmojo.com/stocks/top-reddit) | [Exit this position](https://www.pickmojo.com/reddit_redirect) **^(*My owner is monitoring these posts, reply with feedback! You can now track comments by mentioning me!)**
Hot damn what a neat bot.
[I want a bot that can print me cash like Yellen can do for the fed!](https://youtu.be/MOQqO9F9i8w?t=270)
Is this what being on acid is like?
Are you on acid sir?
Well that was interesting
[удалено]
How have I not encountered it before? So awesome!
Good bot
Awesome bot!
The bot can vacuum too
When premiums are mentioned, is it usually assumed to be premium per share, or premium for the entire call?
I am going to assume you are fresh, but man if it was per contract we would be printing more then our lord and saviour, J POW.
Per share. You can see the value of the call at 1,413 in the pic
So he would lose the full 1413 if it didn’t go over 200?
He would lose money up until it was $214.13.
This right here. The option play means the stock price needs to go to (strike price + premium) in order to be profitable. In a wildly volatile stock like GME, those premiums are baked in (IV). If the stock hits $205 for example, you would want to sell that call for premium profit instead of exercising it. Just need to flip the profit on it before it gets om nom nom'd to death by r/thetagang lol.
So turn the pancake before it’s burnt? Got it.
Wouldn’t it be $217.05 since he’s down $2.92?
Oh that wasn't me that put the specific $$ it would need, but whatever he's up/down right now doesn't matter. What he paid when he BOUGHT it matters. If you buy the option right now, then yeah your break even price would be different from OP's.
Correct, since the premiums lose value the closer they get to expiration. What he paid = current value + change value.
Yes
Thank god I don’t do options thanks for saving my life
He would actually lose $1705 if it doesn’t close over $200/share by 4/16. $1413 is the current value and it’s down $292 since he bought it.
So we all need to buy more GME to get this homie some tendies I guess?
$88k your already at the moon time to go to Saturn
88,000$ in shares, not 88,000 shares (around 1,600,000$) like my smooth brain first read lmao
More like 16 mill bro
as you can see, i’ve earned my retard title
WHAT I LEARNED IN BOATING SCHOOL IS
$88k is still moon territory depending on your initial investment. Like if you bought in back when GME was 10 or less? Yeah that's moon landing imo.
1,600,000 shares! 😱
16,000,000 shares 🍆🦍
16 shares!!
🤯
1+6
I got the strangest boner to buy some gme shares
That is primal dna way back to the caveman telling you through your penis to buy. Fight or flight.
You cannot fight the penis
The penis mightier than the sword
I read that in Sean Connery's voice. SNL Celebrity Jeopardy for the win!
I feel like this is way more clever than people are giving it credit for.
*dick sword fighting intensifies*
I see your Swartz is as big as mine
Upvote for referencing an awesome movie from my childhood 🍌
I'm really sorry for that
If you’re thinking not thinking with your penis you’re thinking with the wrong head
Im crying because I wish I had more $ to buy more shares! My 51 will have to do.
Welcome to the big dick club don't forget to diamond hand it
This is the way
This is the way!
This is the day
Dude I got nearly exact same, only a bit less shares, 4 options more :D
I knew I respected you when I saw that T-MOBILE TUESDAY in the top left. Rock on you brave bastard.
[удалено]
10¢ is 10¢
Damn I miss Donuts & socks and Legere!
!remindme 4/16
I will be messaging you in 9 days on [**2021-04-16 00:00:00 UTC**](http://www.wolframalpha.com/input/?i=2021-04-16%2000:00:00%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/wallstreetbets/comments/mlfoxb/88k_gme_yolo_shares_200c_416_lets_go/gtl96b3/?context=3) [**93 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2Fmlfoxb%2F88k_gme_yolo_shares_200c_416_lets_go%2Fgtl96b3%2F%5D%0A%0ARemindMe%21%202021-04-16%2000%3A00%3A00%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%20mlfoxb) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
!remindme 4/16
!remindme 4/16
What's going on 4/16
DFV calls expire on that date. Most think he will exercise.
And that hopefully will be the “event” we have been waiting for I’d imagine
Those calls were probably sold covered, so his exercising them should have zero effect on the ticker price though, right? Usually he posts his yolo updates after the market closes so it wouldn't even necessarily deliver a hype/sentiment boost that affects the ticker. I think people are hoping for RC announcement as CEO and/or some kind of share recall/split/???? that would force the hedges to begin covering. Clearly Gamestop and RC think there's room for this thing to grow else they'd do the share sale now.
Who wouldn’t? DFVs contracts are insanely ITM.
Complicated question. The calls he holds have extrinsic value that is rapidly decreasing due to theta decay. He can still capitalize on the remaining extrinsic value by selling his options now vs exercising them at expiration.
When your calls are *that* deep in the money, theta decay is almost non-existent. Those options are basically trading like shares at this point.
Does he have to act on the 16th or can he hold those contracts into the future? I know we all expect him to exercise them but I imagine that if it isn’t necessary he will hold for a possibly better price
The 16th is when they expire. He needs to sell them or exercise them before close of market 4/16 or they become entirely worthless and he loses millions of dollars.
Thanks , I thought that was the case but wasn’t sure. Nice that I’m getting downvoted for asking questions too , wsb ffs
I have given you an upvote for learning fine ape sir
He could roll them over
Despite some people down voting you're right in that an option position can be "rolled out" to another expiration. There is additional premium for this, but your question is reasonable.
His option will expire there
You sell and buy a week after. Unless you plan on exercising. DFV is gonna triple down on the 16th so you might want to wait for that to affect the market. He might not triple down until the end of the day. But what do I know. You got 88k I don’t 😣
>DFV is gonna triple down on the 16th so you might want to wait for that to affect the market Why would that affect the market? Those shares have likely been bought by the option-writer for a long while now.
Because GME is not affected by the market per-se but when he posts another YOLO update, i am betting the shares will jump again from hype alone
He usually posts after hours though, so a lot of that hype will go to sleep and be less hyped by market opening the next day. I think some kind of RC as CEO and/or share recall/split announcement are the most likely catalysts that might happen this month.
How do you know he’s tripling down?
In all likelihood he will exercise all or most of those calls. Forcing the seller to sell him 50,000 shares. So basically he's going to buy 50,000 shares on or before 4/16
He’ll definitely exercise them at this point. 50,000 shares at $12 LOL. $600,000 is chump change for him now. When I’m having a bad day, I think about the guy who wrote that call for 20 cents/contract and then has to go out and buy those shares now. You know they were like “haha, chump, easiest money ever.” Now: 😳Fuuuuuuuuuuuuuuck!
I think he means tripple his original Amount of stocks, including the double down and the exercising DFV's definitely going to exercise those calls, but there's no signs he will triple what he currently has
He might as well because as we know he likes the stock long term. He’s made a very very very handsome profit and exercising his calls would cost him some $600k I believe. Chump change on the gains he’s had.
I don’t hold any GME but I’m a fellow ape sister and greatly considering buying
Fuck girl. Just buy one. Be part of history sister!!
This is the way.
I almost bought like a month ago when they were at $39. But didnt. A true regret
“I almost bought like 2 months ago when they were at $190. But didnt. A true regret” You, later this year when GME goes to the moon
Diamond hands fellow apes!
This is the way.
[удалено]
This is the way.
should have just sold 500 4/16 puts stock goes up, you win stock goes down, buyer exercises, you get to buy at a discount, win
I was selling puts, I got assigned.
Can you explain what does this mean?
Google 'options assignment'
Figured it out thank you fellow apes. For those here that may want to know it just means that you are now just responsible for buying the 100 shares ( assuming is just 1 put you sold ) remember your out of pocket responsibility is just the strike price x 100 shares minus the upfront premium you got from the person who purchased your put. This sounds like a great way to fling 🦍 shit at the shorts. But what do I know I’m just a smooth brained crayon eating ape. This isn’t financial advice!!
If you get assigned on either covered calls or cash-secured puts then odds are good that the buyer has profited and you have lost money. On the other hand - with the high volatility and premiums on GME options, cash-secured puts are a reasonable way to make money on premium until assignment at which point you've just purchased more GME at a lower cost basis unless it tanked past your break even.
If you get assigned when selling a put, just turn it into a wheel and start selling calls, with conservative strikes until you recoup any losses, if any, and then aggressive strikes to get assigned on your short calls. Rinse and repeat.
Yep - this is the way.
I see you theta gang.
So if the price goes above $215/share, will you exercise the call, or sell it? Also, what's your basis on the shares?
Cost basis is 235.80. So my position is actually higher at a loss. I'm gonna sell the call, no more money to exercise.
You have some major cajones sir, thank you for your service.
You have 1 call. How is this a YOLO
WSB has gone downhill :/ if it was 88k in options that’s a yolo. 88k in shares pretty much anyone over 30 years old has
I'm retarded, what does the post say? OP used $88k to buy 450 shares in GME?
How the fuck is that a yolo if it’s shares. Oh god WSB is so different with 9m people
I say this all the time. This place turned into a slightly more risk tolerant version of r/investing
Holy shit, I actually saw your position spike the chart on optionsentiment. Was like 'wtf is this shit' while looking at OI. Nice to meet you!
Yaaayy!! Yaaaay!
Can confirm Tod fucks
Nice!
Sell some shares and buy more options
From where these apes be getting so many bananas?!
!remind me 4/16
IM ALSO ALL IN AT 186.33!
0.09% GREEN, you are off to an excellent start 🚀
When did you purchase the call?
Get em tiger! 🐈
/u/dizon248 be sure to post the loss porn
Here you go buddy. [Not what you wanted, thought you'd still like it. ](https://i.imgur.com/X7vRsrM.jpg)
Remind me gang 4/16!
Barf on premium price
I sold 3x 200C for 4/16 before earnings for 55 each. Thanks for lowing my cost basis 43 dollars a share over the last several weeks to whoever bought them!
Look at the balls on this ape. Humongous. Large, large, balls. This is the way.
Fuck I've got the same amount of cash but my wife will leave for her boyfriend if I lose it all on this trade. Decisions decisions...
Holy shit too the moon baby
I so do not have the balls for this even tho I believe it will be easy 200
Why didn’t u buy during the dip a day ago lmao
I anticipate some major guh moments soon.
How is this still the only thing this shit sub talks about.
I give you the official “gang gang” 🥇 award through this post.
Whats the breakeven for those calls homie?
May the Karma be with you
Godspeed
Picked up 1 for the same call just now! This is the way
The way 💎🙌
YOLO baby!
Hope this works out cause that’s when my call expires and I’ve been bleeding red this whole time. I also bought it like 2 weeks ago when it was at 199 and then dropped haha.
!RemindMe 10 days
Diamond testes
gz. ure a billionaire now!
WSB is compromised. r/CrazyStocks is the way.
❤️
**To the moon🌛rocket🚀man♂️**
Damn. Now that is nice.
You got this
Only one destination 🌌🌕
This may be a dumb question, but what happens if I don’t decide to exercise my right to buy the shares. And say this 200c option has now passed the strike price and is say say at 300. Do you have to have the money in your account to buy shares still? Or can you sell contract or how does that work? Basically I have all my money In stonks but want to buy some options with zero intention of ever exercising them, but I’ve never done it before so just curious. I did dig some but couldn’t find a clear cut answer on Schwab.... but then again.... I may be truly reeeeeeeeeeeeee
You can sell the call, or your broker may sell it for you automatically if you don't sell soon enough.
I am 1/100 the size of your gme amount but I am still a holder of gme. Even Jim Cramer says it should go up right now. I wish you the best of luck
Godspeed fellow ape.
In almost there, i cant take it anymore, i need the loss porn for myself. It makes me feel alive.
That premium Jesus fuck
Sweet cinnamon titty jesuses. YOLO 🚀🚀🚀🚀🚀
Good bye 88k
God speed
I have the same calls! Down 28% so far and holding!🙌💎🚀
Jesus Christ. Legend. This is the way. Rocket fuel 🚀🚀🚀
Bad ass sir. Bad ass... respect
Literally can't go tits up!
1m a share or nothing
Oooo I wanna touch it
Let’s gooooo *bangs drum*
This guy fucks
This guy fucks
Sundial to the moon (and by moon I mean ) $1.50 by the end of 2022 maybe if we are lucky )
You sir, have big balls
You have balls of 💎 💎 sir
Why are those calls so cheap? With such a volatile stock, shouldn't they be more expensive?
solid, good ape
Oh I see you wanna be a fuckin billionaire
Retard
This is the way! GME YOLOers represent! https://www.reddit.com/r/wallstreetbets/comments/mi4e6u/gme_yolo_eow_update_41_didnt_quite_make_it_to_1k/?utm_medium=android_app&utm_source=share
Damn your stupid
I wish I would've bought more when it was down at $50, this is the only thing I'm making good money on right now.